Here are Wednesday’s biggest calls on Wall Street.
FedEx is a buy as freight business spinoff approaches, JPMorgan says
The shipping company’s stock is looking more attractive as it prepares to spin out its freight business on June 1, per JPMorgan.
This memory stock is up 4,000% over the past year. Barclays says it can go even higher
The bank upgraded the memory name to overweight from equal weight.
New bull market in software stocks hinges on this report
Options traders are convinced the “SAAS-pocalypse” is over. Whether that’s true will likely depend on the market’s reaction to one earnings report Wednesday.
Wednesday’s big stock stories: What’s likely to move the market in the next trading session
A rally in the tech sector — led by Micron Technology — lifted the S&P 500 and the Nasdaq Composite to fresh all-time highs and closing records Tuesday.
A battle is brewing in the gold pits. Here are the winners and losers
Options volumes leaned bullish in both the SPDR Gold ETF (GLD) and VanEck Gold Miners ETF (GDX) on Tuesday.
JPMorgan says it’s time to buy these unloved safe stocks that pay dividends
The bank sees an attractive entry point for low-volatility stocks. These are the companies JPMorgan rates overweight.
Markets suggest stocks are on solid ground and crude oil could be in for a decline, Todd Gordon says
The VIX is saying that equities are in good shape and, if a resolution of the war is near, crude oil may plummet into the $80s, and maybe $70s, per barrel.
Jay Woods is watching two beaten-down software stocks into earnings this week
Jay Woods reviews two key software stocks reporting earnings this week, as well as what a new inflation report could mean for new Fed chair Kevin Warsh.
Ferrari shares slump 6% after new electric vehicle is bashed online. Why Wall Street says buy the dip
The Italian luxury car maker unveiled its first all-electric vehicle called Luce. Online critics were unimpressed.